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A random sample of size 50 is taken from a population. A boxplot of the sample data reveals no outliers. The population standard deviation is known.

Short Answer

Expert verified

It is clear that the applying z-interval procedure to obtain a confidence interval for the population mean is appropriate.

Step by step solution

01

Given information

A 50-person random sample is chosen from a population. There are no outliers in the sample data, according to a boxplot.

02

Concept

The formula used: z-interval procedure andt-interval procedure

03

Explanation

Determine whether the z-interval process, the t-interval procedure, or neither is the best way for generating the confidence interval.

The following are the conditions for using the z-interval procedure:

The sample size is small:

When the sample size is less than 15, and the variable is normally distributed or extremely close to being normally distributed, the z-interval technique is utilized.

Moderate Sample size:

When the sample size is between 15 and 30, and the variable is not normally distributed or there is no outlier in the data, the z-interval technique is performed.

Large Sample size:

The z-interval technique is utilized without restriction if the sample size is bigger than 30

04

Explanation

The following are the conditions for using the t-interval procedure:

Sample size is small:

- From the population, samples are drawn at random.

- The sample size is higher or the population follows a normal distribution.

- The standard deviation has not been determined.

The sample is drawn from the population, with a large sample size of (=50) Furthermore, the population standard deviation is known, and no outlier exists. As a result, the variable's distribution is roughly normal. The application of the z-interval approach to create a confidence interval for the population mean is clearly appropriate given the aforesaid parameters.

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Most popular questions from this chapter

Keep on Rolling. The Rolling Stones, a rock group formed in the 1960s, have toured extensively in support of new albums, Pollstar has collected data on the earnings from the Stones's North American tours. For thirty randomly selected Rolling Stones concerts, the mean gross earnings is \(2.27 million. Assuming a population standard deviation gross earnings of \)0.5 million, obtain a 99% confidence interval for the mean gross earnings of all Rolling Stones concerts. Interpret your answer in words.

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Suppose that you will be taking a random sample from a population and that you intend to find a 95%confidence interval for the population mean ฮผ. Which sample size, 25or30 , will result in the confidence interval giving a more accurate estimate of ฮผ?

A confidence interval for a population mean has a margin of error of 0.047

a. Determine the length of the confidence interval.

b. If the sample mean is 0.205, obtain the confidence interval.

c. Construct a graph that illustrates your results.

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